Dotted Lake could offer the low hanging fruit for Panther Metals shareholders
“…The opportunity is there with Dotted Lake. We have had interest in the project without a discovery in a fantastic location…”
Just under three years ago in December 2021, Panther Metals Plc (LSE:PALM) announced the listing of Australia-focused Panther Metals Limited on the Australian Securities Exchange with ‘Plc’ retaining 36.6% of the issued share capital of the Limited entity.
That entire holding has now gone after Panther Plc sold its entire holding in Panther Ltd adding £219,000 to the UK-listed entity’s purse which is going towards the drill ready assets in Canada.
“We are 100% focused on the drill bit for Panther,” says chief executive Darren Hazelwood, “and the things that are going to move our needle substantially and provide the returns for our investors and the best way to do that was to liquidate that stake and use that capital to drill the North Shore of Dotted Lake.”
Hazelwood explains …